New Jersey § 18a:72a-54
Full text of New Jersey New Jersey Statutes § 18a:72a-54, with citation guidance and answers to common questions.
§ 18a:72a-54.
a. The governing board of a public or private institution of higher education may
determine, by resolution, to apply for a grant from the trust fund. Upon adoption of the resolution, the board shall file an application with the Secretary of Higher Education, which application shall include a complete description of the project
to be financed and an identification of any additional sources of revenue to be used. b. The Secretary of Higher Education shall review the application and approve or disapprove the grant. For each grant which is approved, the secretary shall establish the amount and shall send a written certification of such approval including the amount approved to the authority. c. The Secretary of Higher Education shall submit to the Legislature a copy of the written certification of the approval of the grant and the amount thereof . If the Legislature does not disapprove the grant by the adoption of a concurrent
resolution within 60 days, the grant shall be deemed to be authorized. In addition, the resolution approving the grant for the new instructional and research
facility for Rutgers, The State University, School of Law, Newark, shall be submitted
by the secretary to the Joint Budget Oversight Committee for its approval prior to the commission's
submission of the resolution to the Legislature. The secretary shall provide to the committee such information concerning the grant as the committee
may require for its consideration. d. Each grant awarded under this act shall be contingent upon the recipient governing
board entering into a contract or contracts for the commencement of the construction,
reconstruction, development, extension, or improvement of the facility within one
year of the date on which the funds of the grant are made available.
Frequently Asked Questions About New Jersey § 18a:72a-54
What does New Jersey Statutes § 18a:72a-54 cover?
Section 18a:72a-54 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 18a:72a-54?
A common citation format is "New Jersey Statutes § 18a:72a-54" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 18a:72a-54 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.